VIITX vs VTILX
Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class vs Vanguard Total International Bond II Index Fund Class Institutional
Quick Verdict
VIITX has a lower expense ratio. VIITX delivered stronger 1-year returns. VTILX offers more diversification with 7,391 holdings.
Side-by-Side Comparison
| Metric | VIITX | VTILX | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.07% | |
| AUM | - | $141.9B | |
| Dividend Yield | 4.59% | 4.19% | |
| Holdings | 2,599 | 7,391 | |
| YTD Return | -1.85% | -1.23% | |
| 1Y Return | -1.35% | -3.17% | |
| 3Y Return (annualized) | +0.64% | -0.31% | |
| 5Y Return (annualized) | -2.29% | - | |
| Volatility (annualized) | 4.2% | 6.0% | |
| Max Drawdown | -15.0% | -15.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Fixed Income | |
| Inception | Dec 1, 1997 | Feb 17, 2021 |
VIITX vs VTILX Performance
Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class (VIITX) is a mutual fund from Vanguard (US) and Vanguard Total International Bond II Index Fund Class Institutional (VTILX) is a mutual fund from Vanguard (US). Over the past year VIITX returned -1.35% while VTILX returned -3.17%. Year to date, VIITX is down 1.85% versus a loss of 1.23% for VTILX.
Over three years, VIITX compounded at +0.64% per year against -0.31% for VTILX. Across the full 5-year window we track, VIITX has the edge at -2.29% annualized vs -2.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTILX has been the more volatile fund, with annualized monthly volatility of 6.0% compared with 4.2% for VIITX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.0% for VIITX and -15.3% for VTILX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIITX charges 0.02% per year while VTILX charges 0.07%. On a $10,000 position that is $2 vs $7 annually, a gap of $5 per year that compounds over a long holding period. On income, VIITX currently yields 4.59% against 4.19% for VTILX.
Holdings Overlap
VIITX and VTILX share 0 holdings out of 2644 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VIITX or VTILX?
VIITX has an expense ratio of 0.02% while VTILX charges 0.07%. VIITX is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, VIITX or VTILX?
Over the past year VIITX returned -1.35% vs -3.17% for VTILX, so VIITX leads on 1-year performance. Over the longest common window we track (5 years), VIITX annualized -2.29% vs -2.87% for VTILX. Past performance does not guarantee future results.
Which is riskier, VIITX or VTILX?
VTILX has been the more volatile fund at 6.0% annualized versus 4.2% for VIITX. Worst drawdown: VIITX -15.0% vs VTILX -15.3%.
Should I hold both VIITX and VTILX?
VIITX and VTILX have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIITX and VTILX?
VIITX and VTILX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2644 unique securities.
Which pays a higher dividend, VIITX or VTILX?
VIITX yields 4.59% while VTILX yields 4.19%, so VIITX currently pays the higher dividend yield.
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